Mega Brands Inc. broke out of the head and shoulders pattern and started to slide downward along the Fibonacci fans. The downside target is considerably lower than the key 11.50 support level, which means it is better to limit yourself to this target. In addition, this target coincides with the target of the movement within a falling trend. The gauge is moving...
After trading range-bound for quite a long time, Bank of New York Mellon Corp stayed within the price band of 35.60 – 38.55 seen in late 2006 and is now finally attempting to start moving upward. The gauge broke out of a diamond that shaped up within this gap to the upside, and the path toward the historic 50 mark is clear. Investors are advised to buy from the...
After breaking out of a powerful triangle, which took nearly a year to shape up until the fall of 2014 Validus shares slowed down within a clear flag. The boundary of the flag was breached in early February, which means the stock holds strong upside potential. The stock has virtually corrected down to the flat-breakout level, which is also the bound of the gap. It...
Yandex
After a sell-off in the territory of late 2011 lows, the gauge resumed shaping up a reversal wedge. After a short retest of the current low, the price is resolutely moving toward previous lows it reached three years ago. Investors may open long positions with the 17.40 target. If the gauge tops this level, it will continue to move upward toward the upper...
Zillow Inc broke out of a rising trend. The head-and-shoulders chart pattern shaped up, and, given its large dimensions, there is a strong movement potential. The gauge failed to rebound from the bound of the pattern owing to a falling trend from the top of the pattern through the right shoulder. The reading may again attempt to break out of the neck line in the...
After a protracted upturn, Motorola Solutions Inc. shares abruptly stalled, shifting to a long-term horizontal movement within the USD 58.77 – USD 67.50 band. As part of this flat trend the latest pattern is a diamond. Triangles, in line with the Elliott Wave Theory, are usually the last patterns in corrective two and three patterns. Consequently, the name can be...
Apple Inc. shares turned out to be in a very interesting position. After swinging to USD 119.50 the stock tanked nearly 20% to USD 106. The tech giant’s two attempts to bounce off this mark were not very successful, as a result of which a failed swing pattern shaped up with a boundary at this level. The stock’s latest trend since May 2014 also approached this...
Coca-Cola Company has consistently hovered around its USD 42.33 center line within the USD 40.16 – USD 44.52 band.
The stock price has again moved away from the center line and headed towards the upper boundary. The only hurdle right now is the boundary of the December gap at USD 42.52, which has already been breached to the upside. Investors can launch long...
Against the backdrop of gold’s efforts to push higher, Goldcorp Inc. is also attempting to rally. A potential double bottom at 17.65 is shaping up. Once the pattern’s boundaries, which match those of the gap near 20.90, are breached, investors can launch long positions with the first target at 22.64, a solid historical level. Breaking through this level will pave...
Loblaw Co is likely to achieve targets in the price channel in February 2014. Breakdown-rollback diamond at the upper boundary of accelerated channel has already occurred. You can buy with target at 65.10, where the main channel converges with accelerated one. Some delay in movement is possible at the level of 61.22, the level at the top of the diamond, when this...
Boeing made a strong vertical strike with a gap and broke through the 121.90 key support level. The way toward the next support level at 118.40 is almost predestined. Investors may open short positions after the gauge retraces to 121.90. The gauge may reach the target in a week.
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Ford shares made an unsuccessful attempt to breach a rock-solid historical level at USD 15.90, but this setback was in the cards, a wedge shaped up for quite a long time and brought the stock price right to that mark. Short selling at this level has already started. The breakout of the wedge bottom at USD 15.22 could accelerate the downturn. After the breakout...
The decline of National Bank of Canada stocks accelerated within the formation of a diamond pattern. The zone of a left elbow gap (52.60 – 52.00) was left behind, also with a gap, which raises the likelihood that the stock is rapidly approaching the boundary of the pattern around USD 50.00 per share.
The additional support level for the stock in this area is...
Silver prices have been hovering around lows for a long time, but this trend cannot last forever. The gauge will sooner or later leave oversold territory. Mining companies may receive attractive income if gold and silver prices show the slightest signs of reversal. Klondike Silver Corp. bottomed out a long time ago. A rounding bottom pattern has been shaping up...
HYATT equities retraced to the bound of a rising trend they broke through earlier, which serves as the key support level. Stock market waves show that a big diamond formation that has been shaping up since June 2014 is a classic complex fourth traveling wave. It was preceded by an extended third wave. In this situation large-scale drift is likely to occur toward...
Maybe it’s time to make a picture of Canon? After continuing consolidation it’s time to go up. Consolidation shaped as falling wedge pattern, contraction of the range has already occurred, then two downtrends to the broken level followed.
The idea is that accumulated divergence on RSI and a growth OBV should push the price to the base of the wedge in the vicinity...
